Seanad debates

Tuesday, 11 December 2012

Personal Insolvency Bill 2012: Report and Final Stages

 

Government amendment No. 29: In page 5 of the list of amendments made in Committee, to delete the text inserted by amendment no. 15 and substitute the following:?(9) Where an approved intermediary resigns from the role of approved intermediary as respects a debtor, he or she shall notify the Insolvency Service of that fact, which notification shall be accompanied by a statement of the reasons for his or her resignation. (10) Where, at any time during the Debt Relief Notice process after the debtor has made the confirmation referred to in subsection (3), the approved intermediary concerned (?original approved intermediary?)?(a) dies, (b) becomes incapable, through ill-health or otherwise, of performing the functions of an approved intermediary as respects the debtor, (c) resigns from the role of approved intermediary as respects the debtor, or (d) is no longer entitled to perform the functions of an approved intermediary under this Act,the debtor shall, as soon as practicable after becoming aware of that fact, appoint another approved intermediary to act as his or her approved intermediary for the purposes of this Chapter. (11) (a) Where paragraph (a), (b) or (c) of subsection (10) applies, the debtor concerned shall, as soon as practicable, inform the Insolvency Service of that fact. (b) Where an approved intermediary has been appointed under subsection (10), the approved intermediary shall, as soon as practicable, inform the Insolvency Service and the creditors concerned of that fact.".

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